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MILLS ACT CONTRACTS <br />Must be on a local, state, or national historic register <br />Minimum contract duration of 10 years <br />Automatic annual renewal <br />Recorded against the property and transfers with change in <br />ownership <br />Up to 40-60% savings on assessed tax valuations <br />27 contracts in Redwood City since 1990 <br />Redwood 1 <br />Cityi�tm <br />127 Finger Avenue <br />